Apparels & Textiles

Apparel and Textile industry has undergone a pandemonium entourage in the world economy.

The consumers demographic change and buying habits in Apparel and Textile sector have forced companies to conduct operational reforms.

Global operating companies in this sector are monitored in Strategy, operations, finance and compliance.

The production shift towards Asian markets has been based on cost cuttings in product procurement and the only economic survival model and generating multitude growth.

The Apparel & Textile industry enjoys a distinctive position due to the decisive role it plays by way of contribution to industrial output, employment generation which is second largest after agriculture and export earnings of the country.

The Indian textile industry is a key pillar of Indian manufacturing sector contributing 4% to GDP, 14% of industrial production and over 10% of Indian exports. More significantly, the industry is the second largest employment generator engaging 35 million people across various segments in the entire value chain and is valued at US$ 55 billion, 64% of which caters to domestic demand.

The Scheme for Integrated Textile Park (SITP) was approved in July 2005 to facilitate setting up of textiles parks with world class infrastructure facilities. Government has sanctioned 21 new Textiles Parks to be implemented over a period of 36 months.

100% FDI is allowed in the textile sector. FDI in sectors to the extent permitted under automatic route does not require any prior approval either by the Government of India or Reserve Bank of India (RBI).

The country has become one of the fastest growing destinations for FDI inflows and collaboration. India’s Special Economic Zones (SEZs) attract foreign investment and the textiles industry has attracted FDI worth US$ 1,011.52 million between April 2000 and September 2011.

The entire textile and apparel industry (2010 estimates), including domestic and exports, is pegged at Rs 3,27,000 crore and is expected to grow by 11% to Rs 10,32,000 crore by 2020. Currently menswear is the major chunk of the market at 43% (Rs 72,000 crore) and is growing at a compounded annual growth rate (CAGR) of 9%.

The Govt. of India envisions building state-of-the-art production capacities and achieving a preeminent global standing in the textile sector by 2020, which includes manufacturing and export of all types of textiles.

The large operating organisations world wide have perceived the urgency for amplification in the Asian markets and our approach to clients in the Apparel industry have build Strategic, Marketing and Manufacturing alliances in India and Germany.